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Stock market recovers most of an early loss

Wednesday - 3/27/2013, 5:04pm  ET

FILE - In this Wednesday, March 20, 2013 photo, Trader Anthony Riccio, center, works on the floor of the New York Stock Exchange. Asian stocks followed Wall Street higher on Wednesday March 27, 2013 after upbeat economic data from the world's largest economy. But in Europe, markets were unsteady ahead of the release of more indicators that would provide further clues about the health of the world's leading economies. (AP Photo/Richard Drew)

NEW YORK (AP) -- Stock indexes recouped most of the ground they lost and are closing mostly lower on Wall Street.

Traders are watching closely to see whether Cyprus successfully reopens its banks after a two-week shutdown. They're also unsettled by Italy's failure to form a government and get moving with economic reforms.

The Dow Jones industrial average closed down 33 points, or 0.2 percent, at 14,526 Wednesday. It was down as much as 120 earlier.

The Standard & Poor's 500 fell just under a point to 1,562. It's a little more than two points away from the all-time high it reached in October 2007.

The Nasdaq composite rose four points, or 0.1 percent, to 3,256.

Rising stocks outnumbered falling ones on the New York Stock Exchange. Volume was light at 2.8 billion shares.


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